Annibelle Company provided the following account balances on December 31, 2020: Cash in bank 2,250,000 Cash on hand 125,000 Cash restricted for addition to plant expected to be disbursed I 2021 1,600,000 Cash in money market account 750,000 Treasury bill purchased November 1, 2020 maturing January 31, 2021 3,500,000 Treasury bill purchased December 1, 2020 maturing March 31, 2021 2,000,000

Cash in bank included P600,000 of compensating balance against short-erm borrowing arrangement. The compensating balance is not legally restricted as to withdrawal. What total amount should be reported as cash and cash equivalents on December 31, 2020?